Balenciaga’s Gvasalia Throws Spotlight on Ukraine

Demna Gvasalia attends the 2017 CFDA Fashion Awards at Hammerstein Ballroom in New York City. (Getty Images)
Demna Gvasalia attends the 2017 CFDA Fashion Awards at Hammerstein Ballroom in New York City. (Getty Images)
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Balenciaga’s Gvasalia Throws Spotlight on Ukraine

Demna Gvasalia attends the 2017 CFDA Fashion Awards at Hammerstein Ballroom in New York City. (Getty Images)
Demna Gvasalia attends the 2017 CFDA Fashion Awards at Hammerstein Ballroom in New York City. (Getty Images)

Balenciaga creative director Demna Gvasalia threw the spotlight on the war in Ukraine, recalling his personal trauma as a refugee from Georgia at his winter show in Paris.

Guests were greeted with Ukrainian flag T-shirts and a note explaining that the war had triggered the pain of trauma the designer had carried since 1993, when "the same thing happened in my home country and I became a forever refugee".

"We, as a brand, have to do something ... we cannot take weapons and go fight there, but we can use our voices," Gvasalia told Reuters in an interview after the Paris Fashion Week presentation.

His show featured models marching through a blustery, glass-encased runway with swirling snow.

It kicked off with a woman in a black cape-like dress, swinging a sac resembling a stuffed plastic garbage bag. Others followed, walking against the wind in wide-leg trousers, oversize hoodies and floral-printed outfits.

An influential designer, Gvasalia played a central role in the rise of streetwear styles and is known for powerful runway presentations.

The designer said he had spent two years in Ukraine after the war in Georgia, where he still has family, before settling in Germany. Georgia, a former republic in the Soviet Union, was plunged into civil war after the break up of the bloc in 1991.

“When you go through war, you never forget that,” said the designer, whose native language is Russian.

Earlier this week, the Kering-owned label erased all images from its Instagram feed, which counts 12.8 million followers, leaving only an image of the Ukrainian flag, explaining that the platform would be used solely for relaying information about the situation in Ukraine.

Kering on Friday announced the suspension of operations in Russia, temporarily shutting its two stores there.



Adidas Holds Back on Profit Upgrade Due to Tariff Uncertainty 

The logo of Adidas is seen on a Gazelle sneaker for sale at a shop in Berlin, Germany, May 2, 2024. (Reuters)
The logo of Adidas is seen on a Gazelle sneaker for sale at a shop in Berlin, Germany, May 2, 2024. (Reuters)
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Adidas Holds Back on Profit Upgrade Due to Tariff Uncertainty 

The logo of Adidas is seen on a Gazelle sneaker for sale at a shop in Berlin, Germany, May 2, 2024. (Reuters)
The logo of Adidas is seen on a Gazelle sneaker for sale at a shop in Berlin, Germany, May 2, 2024. (Reuters)

German sportswear maker Adidas on Tuesday said higher US import tariffs and broader uncertainty around trade were clouding its forecasts and making it difficult to plan.

CEO Bjorn Gulden said the company would have hiked its revenue and profit guidance for 2025 after strong first-quarter results, but tariff uncertainty meant it decided to hold back.

Adidas expects the blanket increase in US tariffs to eventually cause price increases across all its products, but said it was currently impossible to quantify those or to establish the likely impact on US consumer demand, highlighting the paralysis caused by trade uncertainty.

Adidas has already reduced exports of China-made goods to the US to a minimum but is still "somewhat exposed" to much higher US tariffs on Chinese goods, Gulden said, though it is unclear how long those might remain at the current level.

"Given the uncertainty around the negotiations between the US and the different exporting countries, we do not know what the final tariffs will be. Therefore, we cannot make any 'final' decisions on what to do," Gulden said.

Unexpectedly high US tariffs on Southeast Asian countries such as Vietnam and Indonesia, announced at the start of this month, but paused until July, blindsided sportswear brands, which make most of their sneakers and clothing there.

As tariffs raise the cost of doing business, Adidas said it would strive to ensure US retail partners and consumers get product "at the best possible price", adding it would try to compensate for uncertainty in the US by boosting its performance in the rest of the world.

First-quarter sales rose 14% in Europe and 13% in Greater China and were up 26% in Latin America. Sales in North America increased just 3%, which Adidas said was due to the phase-out of its Yeezy sneaker line.

While sticking to its full-year guidance, Adidas said uncertainties "could put negative pressure on this later in the year".